Creditanstalt of Austria buys Russian Aton Capital Group for $US 400 MLN

Aton Capital Group has signed an agreement to sell 100% of its institutional business to Austria's Creditanstalt for over $US 400 MLN. The deal is to be finalised in the year 2007.

Aton's institutional business includes Aton Broker and Aton International.

Creditanstalt is a member of the leading European financial group UniCredit.

Analysts say both sides will benefit from the deal.